Get the latest insights on price movement and trends analysis of RBD Palm Kernel Olein in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).
RBD Palm Kernel Olein Price Trends for the First Half of 2023
The prices of RBD palm kernel olein fluctuated throughout the first and second quarters of 2023. Initially, in the first quarter, the appetite of consumers surged while the supply of the product remained constrained. However, during the mid-phase of the second quarter, the price trends of RBD palm kernel olein started to decline. The reduced number of new orders, increase in the level of inventories, and rising levels of uncertainties in the market proved to be a challenge for the price trends of RBD palm kernel olein.
During the first quarter and in the initial phase of the second quarter, the price trends of RBD palm kernel olein was stable. But during the end phase of the second quarter, the market activities of the RBD palm kernel olein began to shift. With the rising levels of inflation, low confidence of consumers, and hike in rates of inflation, the price trends of RBD palm kernel olein took a dip in the European countries.
As seen in the Asia-Pacific and European countries, the price trends of RBD palm kernel olein was stable in the first quarter and during the initial phase of the second quarter. However, the trading activities in North America slumped, and higher stock volumes negatively affected the price trends of RBD palm kernel olein. In addition to this, the falling cost of energy declined demand from the downstream industries, and uncertainties in the rates of inflation caused the price trends of RBD palm kernel olein to take a southward turn.
According to Procurement Resource, the price trends of RBD Palm Kernel Olein is estimated to depict a falling trajectory as the market activities are hampered by low demand and an inclining trends of global inflation.
RBD Palm Kernel Olein Price Trends for the Second Half of 2022
The price of RBD Palm Kernel Olein showed a fluctuating tendency in the Asia-Pacific region. The growth in the price of the product was influenced by the end-user industries' demand. However, the decline in oil prices in the later months of the third quarter and fourth quarters was largely due to global inflation, an export embargo, and a limited supply. Another factor contributing to the price decline was the market's high inventory levels.
During the third and fourth quarters of 2022, RBD Palm Kernel Olein prices decreased in the European market. The poor consumer demand is primarily to blame for the fall. The supply chain has remained robust throughout the concerned quarters, and the easing of the export embargo from Indonesia has only strengthened it. The costs of RBD Palm Kernel Olein decreased as a result of all these causes.
In the third quarter of 2022, the North American market shrank. This reduction was caused by the increase in inventory brought on by the tightening of restrictions. A similar pattern continued into the fourth quarter. Increased exports from the Indonesian market were the main cause. This bolstered the supply, upsetting the balance between supply and demand and causing a drop in prices.
The prices of RBD Palm Kernel Olein are likely to decrease during the coming months given the high yields and overflowing inventories of the commodity in the market.
RBD Palm Kernel Olein Price Trends For the First Half of 2022
With the removal of precious Black Sea sunflower oil from the market owing to the Russian-Ukrainian conflict, the price of other oils especially palm and soybean oil came under pressure. The prices of palm and palm kernel oil soared globally. With the Indonesian government announcing a ban on the exports of Palm oil citing domestic reasons and the reduced output from Malaysia due to floods negatively impacted the already constricted supply chains.
The prices of Malaysian crude palm kernel oil averaged 1811.19 USD/MT in May 2022. Hence, these inflated feedstock costs directly influenced the price trendss for RBD Palm Kernel Olein. However, with the relaxation in the upstream costs and removal of the export ban the prices of palm oil stabilized in the market towards the end of the second quarter. The prices of crude palm kernel oil averaged 1554.50 USD/MT in June 2022.
Procurement Resource provides latest prices of RBD Palm Kernel Olein. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.
RBD Palm Kernel Olein is a derived form of palm kernel olein, which is a liquid fraction of palm kernel oil obtained when the oil is fractionated. RBD Palm Kernel Olein is produced from RBD palm kernel oil. In general, palm kernel olein is used in coating fats and is very useful for margarine fats when interesterified with palm stearin.
|Product Name||RBD Palm Kernel Olein|
|Industrial Uses||Coating fats, Coffee whiteners, Soft-fillings|
|Supplier Database||Cargill Incorporated, Wilmar International Ltd, Soon Soon Oilmills Sdn Bhd.|
|Region/Countries Covered||Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Iran, Thailand, South Korea, Iraq, Saudi Arabia, Malaysia, Nepal, Taiwan, Sri Lanka, UAE, Israel, Hongkong, Singapore, Oman, Kuwait, Qatar, Australia, and New Zealand
Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece
North America: United States and Canada
Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
Africa: South Africa, Nigeria, Egypt, Algeria, Morocco
|Currency||US$ (Data can also be provided in local currency)|
|Supplier Database Availability||Yes|
|Customization Scope||The report can be customized as per the requirements of the customer|
|Post-Sale Analyst Support||360-degree analyst support after report delivery|
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To produce RBD Palm Kernel Olein, palm kernel oil is used as the starting material. Crude palm kernel oil is obtained by crushing the palm kernel, followed by oil extraction. Then, the extracted palm kernel oil is refined, bleached, and deodourised, followed by its fractionation, which finally produces RBD Palm Kernel Olein, that is, the liquid fraction of palm kernel oil.
The displayed pricing data is derived through weighted average purchase price, including contract and spot transactions at the specified locations unless otherwise stated. The information provided comes from the compilation and processing of commercial data officially reported for each nation (i.e. government agencies, external trade bodies, and industry publications).
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